so sad -
This is an astounding but totally-taken-for-granted and totally accepted result of the Fed’s monetary policies. No one is even allowed to question it. It’s accepted because the top 10% like it that way, including Members of Congress who could actually do something about it, and because the bottom 50% don’t know about it, and don’t understand what the Fed is doing to them, and are too busy trying to survive in this disparity nightmare.
Most Important Measure of Fed’s Economy: My “Per-Household Wealth Effect Monitor” for Q1, Based on Fed Data
by Wolf Richter • Jun 21, 2021
